American Homes 4 Rent (NYSE:AMH) Position Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in American Homes 4 Rent (NYSE:AMH) by 7.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 170,050 shares of the real estate investment trust’s stock after selling 14,198 shares during the period. Mutual of America Capital Management LLC’s holdings in American Homes 4 Rent were worth $6,528,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of American Homes 4 Rent by 6.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock worth $324,798,000 after acquiring an additional 507,307 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Homes 4 Rent by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock worth $183,403,000 after purchasing an additional 334,358 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in American Homes 4 Rent by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock worth $146,850,000 after purchasing an additional 37,757 shares during the period. Burgundy Asset Management Ltd. increased its stake in American Homes 4 Rent by 1.5% during the second quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust’s stock valued at $137,181,000 after purchasing an additional 53,648 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of American Homes 4 Rent by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 3,101,011 shares of the real estate investment trust’s stock worth $115,234,000 after purchasing an additional 78,973 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AMH shares. Royal Bank of Canada boosted their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. upped their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target on the stock. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods dropped their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Up 0.4 %

American Homes 4 Rent stock opened at $37.58 on Wednesday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 3.24 and a beta of 0.77. The company’s 50-day moving average price is $38.09 and its two-hundred day moving average price is $37.40. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. On average, analysts expect that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

American Homes 4 Rent Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.